Energy Tribune
Shale Gas, LNG & the Coming Impact of Wet Shale
The first hint that the paradigm was not shifting so much as shattering was in 2009 when the planned Kitimat terminal in British Columbia was reborn as an export terminal. The gas would come from western Canada’s Horn River and Montney shales. Pre-2009, the theory was that gas imported to Kitimat would compete for Asian markets with gas from Australia and Peru. Post 2014, when the terminal will be completed, BC gas will compete in Asian markets against Australian, Peruvian and many more LNG exporters who had seen one leg of the three-legged world gas stool of North America, Europe and Asian markets sawn off.
This year we are seeing talk of LNG exports from another terminal near
Kitimat and possibly even from Oregon. But the big game changer occurred
in May 2010 when Cheniere Energy, operator of the Sabine Pass LNG
terminal on the Gulf of Mexico announced plans to export US gas from
2014 – a plan quickly added to by other operators in Cameron LA and
Galveston.